Karoon Energy Ltd · ASX:KAR
Karoon Energy — Karoon Gas Australia — Shareholder Meeting (October 2007)
14 slides from Karoon Energy's shareholder meeting presentation, Oct 26, 2007
Slide 1: Annual General Meeting 26th October 2007
For personal use only Karoon Gas Australia LTD Annual General Meeting 26th October 2007
Slide 2: Disclaimer
Karoon Gas Australia Disclaimer For personal use only This presentation contains statements that are subject to risk factors associated with oil and gas businesses. It is believed that the expectations reflected in these statements are reasonable but they may be affected by a variety of variables an
Slide 3: Karoon Gas snapshot
Karoon Gas Australia Karoon Gas snapshot For personal use only • Planned Karoon and ConocoPhillips JV expenditure in the Browse Basin for 2007-08 is approximately A$250 million. • Approximately 114.4 million shares and 7 million options. • Market Capitalization approximately A$400 million (@A$3.50 s
Slide 4: Key personnel
Karoon Gas Australia Karoon Gas Australia’s key personnel For personal use only Robert Hosking Executive Chairman Jorg Bein Geophysics Manager Founding Director of Karoon Gas with 30 years of 36 years’ experience as a geophysicist and manager commercial experience. Involved in the oil and gas indust
Slide 5: The setting
Karoon Gas Australia Darwin The setting Map area For personal use only BHP Billiton KON-TIKI P50 12tcf AC/P 36 WA314O & WA315P Abalone 1 Karoon 49% GRACE P50 7tcf AC/RL 8 Argus Gas/condensate ConocoPhillips 51% BHP Billiton AC/RL 8 BHP Billiton Phrixus 1 field 2tcf ? WA-314-P WA-274-P Santos Avail 1
Slide 6: Browse Basin permits and prospects map
Karoon Gas Australia BHP Billiton KON-TIKI P50 12tcf Argus Gas/condensate For personal use only AC/P 36 field 2tcf ? WA314O & WA315P Abalone 1 Karoon 49% GRACE ConocoPhillips 51% P50 7tcf AC/RL 8 AC/RL 8 Phrixus 1 BHP Billiton BHP Billiton WA-274-P WA-314-P Santos Avail 15 Avail 16 POSEIDON WA-315-P
Slide 7: WA-398-P 1400 sq km 3D Seismic Work Program
Karoon Gas Australia WA-398-P 1400 sq km 3D Seismic For personal use only Work Program Endurance 3D seismic Full Fold 3D Seismic Acquisition Area 1681.27km2 survey Scott Reef 2 • Approx 1900km2 total area • 1400km2 on WA-398-P Scott Reef • Required to fully image critical Caswell Duyfken closure of
Slide 8: 3D Seismic vessel contracted for the WA-398-P survey
Karoon Gas Australia 3D Seismic vessel contracted for the For personal use only 1400 sq km WA-398-P survey 3D/4D Seismic Vessel The Geo Atlantic is a newly converted, high capacity 3D/4D seismic vessel. The vessel is capable of deploying 10 streamers and dual sources, each source having a maximum vo
Slide 9: Drilling Rig contracted for 2008 drilling campaign
Karoon Gas Australia Drilling Rig contracted for 2008 For personal use only drilling campaign Transocean Sedco 703 The Transocean Sedco 703 rig is contracted by the ConocoPhillips/Karoon Joint Venture for 200 days with an option for an additional 25 days. The program objective is to drill at least o
Slide 10: Drilling Rig secured for 2008 drilling campaign
Karoon Gas Australia Drilling Rig secured for 2008 For personal use only drilling campaign Sedco 703 General information The Sedco 703 is a Sedco 700 design Rig Type: Other floaters semi-submersible drilling unit capable of Design: Earl & Wright operating in harsh environments and water SEDCO 700 de
Slide 11: LNG industry trends
Karoon Gas Australia LNG industry trends For personal use only The global LNG industry is seeing major changes in technology driven by the ‘economies of size’ and the growth in the world LNG market. Growth in LNG ship size LNG train size over time 160 8 140 7 120 6 Cargo size (x 1000 m3) LNG Train s
Slide 12: The journey – taking the steps
Karoon Gas Australia The journey – taking the steps For personal use only • 2015 – First liquids and LNG to market, project NPV US$5 billion (Basis 7TCF) • Possible LNG project construction • 2009 – Exploration then appraisal drilling • 2008 – Sedco 703 rig to drill 3 wells approx third quarter 2008
Slide 13: New Ventures
Karoon Gas Australia New Ventures For personal use only Karoon is actively perusing new venture opportunities on a worldwide basis. Karoon is seeking assets that will compliment our existing asset base. Within Australia Karoon is evaluating government released acreage and farming opportunities. Karr
Slide 14: Weekly share price
Karoon Gas Australia Karoon weekly share price For personal use only 4.00 3.50 3.00 2.50 Price (A$) 2.00 1.50 1.00 0.50 0 AUG NOV FEB MAY AUG NOV FEB MAY AUG NOV FEB MAY AUG NOV 04 05 06 07 Year 14
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